State of the 3+ Unit TIC Market: March 2024
Covid and higher loan interest rates have softened the TIC market. But buyers are purchasing TICs in desirable locations and getting more for their money than they would for a condo.
TICs
Covid and higher loan interest rates have softened the TIC market. But buyers are purchasing TICs in desirable locations and getting more for their money than they would for a condo.
The tenancy-in-common (TIC) market continues to represent a small slice of properties sold in San Francisco. But TICs can put buyers on a path to get more space in a better location than a condo will allow.
There are more tenancy-in-common (TIC) lenders than ever these days, and they’re offering interest rates that ace out their condo counterparts in some instances.
Going in with a friend on a two-unit building may be a great idea, but there are a few key things to know before you make any decisions.
Tenancy-in-common (TIC) loans are no longer limited to adjustable-rate terms. It’s official: You can now get a 30-year fixed loan.
The tenancy-in-common (TIC) market slowed to a crawl in the last quarter of 2020, with almost 100 cancelled or expired listings laying by the MLS…
The tenancy-in-common (TIC) market in San Francisco is a small one, with about a tenth of the condo volume at any given time. Buyers tend…
Tenancy-in-common (TIC) interests accounted for a small portion of San Francisco sales in 2019. But the average price was almost $1,300,000, and there were a…
Tenancy-in-common (TIC) interests are still successfully attracting buyers in the current San Francisco real estate market, despite their inherent risks that include sharing title with…
Buyers snapped up tenancy-in-common (TIC) interests in San Francisco’s most popular neighborhoods over the past six months, proving that the TIC market is alive and…
The tenancy-in-common (TIC) market remains strong in popular neighborhoods like Noe Valley and Russian Hill, especially if that TIC is in a two-unit building. Buyers…
Here’s a quick primer on the ins and outs of TIC ownership in San Francisco.
Once seen as a stepping stone to condo ownership, tenancy-in-common (TIC) interests have become widely acceptable to San Francisco home buyers as “permanent” TICs. But…
The San Francisco tenancy-in-common (TIC) market for three or more units reached new heights in 2014, with the average sale price of $940,433—up 26.5% from…
As the current crop of TICs converts to condos, I’m seeing many owners listing their TIC interests prior to the actual condo conversion of the…